ABF | 4th Quarter Results….

Asset-based revenue per day was 7% lower y/y in January as tonnage fell 18%, which was partially offset by a 13% increase in yield. Both daily shipments and weight per shipment were off by 9% in the month.
 
net capital expenditures of $325 million to $375 million in 2024 compared to $245 million last year. The new capex budget includes $155 million in rolling stock and $130 million in real estate projects.
 
Asset-based revenue per day was 7% lower y/y in January as tonnage fell 18%, which was partially offset by a 13% increase in yield. Both daily shipments and weight per shipment were off by 9% in the month.
That's all good, less freight moved at a higher profit..
That is how ODFL operated at a 71 in the same quarter..
 
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